Since 2009 till now, blockchain technology has taken the financial world by surprise and has gone beyond being just a decentralised platform that facilitates peer to peer financial transactions. Every single technology launched on the blockchain can now be able to introduce their own tokens in which they operate with. However, these tokens introduced are to some extent having some limitations in terms of how they are created which includes the fund paid to developers and technical personnel to put together working protocols in which these tech can operates. Individuals are gaining more ground as the emerging financial technology develops day by day. A user that is partially technical can utilize a system of finance with equal or greater degree of functionality compared to traditional syetem of banking and fiat currency. An economist, Friedrich Hayek proposed a theory of money and how economies function. According to Hayek, stability emerges as a ‘spontaneous order' of the market not through a politically influenced decision by the central bank. In Hayek's proposition, customer-citizens could choose the monies they expected to offer a mutually acceptable intersection between depreciation and appreciation in order to avoid inflation or deflation through price stability(which is a shared purpose bewteen the duo) – something the central banks fail to achieve as they are prone to artificial change interest rates.
There is need for more growth to be ensured within the economic landscape across the globe for communities. Thus, the need for a platform called "Native" that empowers this communities to realize their inherent values in a global economy comes into place.
Native Platform is a blockchain based ecosystem where participants can build or join communities and create value by participating in community projects. Communities on Native Platform can create their own local currency which can be used to power all projects within the community. In addition to this, it also has voting tools to allow the community to make decisions democratically and decentrally, about the use of funds and other tasks or projects of the community.
NATIVE is a place everyone having same interest or mission can togetherly achieve their aim. Though, you might have a vision or an idea in your locality that seems awkward with the people around you, yet you believe some others will be interested in it.
They are the users that are members of a Community and have the same common interests. The votes of the members are those that decide changes in the policies of the community, as well as other tasks, such as replacing or choosing a new Curator.
They are in charge of approving or denying the contents that the members contribute through a voting system. They define the standards that regulate a community and ensure that the content complies with the regulations of the Community.
THE ARCHITECTURE OF THE NATIVE ECOSYSTEM:
The NATIVE ecosystem consists of both the NATIVE Token and the different tokens of the different communities. The NATIVE tokens and the different tokens have similarities and they also have some uniqueness. Before looking at the uniqueness, let’s take a look at the similarities.
Similarities of the NATIVE Token and the different tokens of the different communities:
Continuous Token Model:
All tokens that exists within the NATIVE platform also utilizes a continuous token model. This means that these tokens are minted and destroyed dynamically, as users engage with the Smart Contract. This is effective and efficient. Some benefits of the continuous token model are:
Bancor Smart Tokens:
All tokens that exists within the NATIVE platform are deployed as Bancor Smart Tokens. This means that, these tokens each hold a reserve in a base token currency. With this reserve, it is possible for users to convert one token into another in an effective, effortless, efficient, transparent and fair manner. Via the Bancor protocol, this conversion would be done without the need for a second party on the other side of the transaction.
David loves American football , it is his favorite sport and he loves watching games from several different European leagues. However, his city doesn’t have a local soccer club so watching a live game is very difficult for him, and the formation of local players is pretty much non-existing because there aren’t places where young people can train or even practice the sport. He is dissapointed because he doesn’t have a strong presence in his community. he discovers Native and start his own local community about American football. Suddenly, the member's list starts to exponentially grow as the local interest in soccer was bigger than expected. After some time, the community is large enough that they decide to start a fundraising campaign to build a soccer field so local people can play in it. The campaign is a complete success and the construction of the soccer field starts.The members are now very happy with this and have future plans to build more fields so more people can play the sport
Native Platform will forever change how communities are built and operate. It boasts a decentralized ecosystem where people with similar interest form communities to pursue their passion. It empowers community members to make decisions and lets their voice count. It creates a sustainable blockchain-based economy to assist these communities achieve their goals. In the long run, Native Platform will help all interest groups form a united front to tackle all the problems that have eluded society in general.
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